With a 4.8%-GDP growth in 2016 and the highest estimated growth rate in 2017 among EU member states, Romania has become an increasingly attractive destination for regional operations centres. The tax and legal regimes along with the geographic location, as well as the highly yet not so costly labour force are some of the key ingredients contributing to the country’s attractiveness, according to the Recipe for successful tax, law & real estate of regional operations centres in Romania report prepared by Deloitte Romania, Reff & Associates- Deloitte Legal together with Knight Frank.
Horatiu Florescu, Chairman & CEO Knight Frank Romania added: “These centres are the biggest demand generator on the office market in Bucharest and very often they are the main anchor of the building. It is very clear to all of us that operations centres developed the big office hubs we see today, namely Floreasca-Barbu Vacarescu, Dimitrie-Pompeiu, Center-West, and even CBD. These hubs have also the biggest stocks and demand on the market. Last year, the Center-West had a demand of over 120,000 sqm. Bucharest stays the main operations centre driver, but Timisoara, Cluj-Napoca and Iasi are following-up very fast.”
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